Airbnb-Branded Apartment Buildings Are Coming to the US

The apartment building will come with extra services to help you rent out your apartment on Airbnb for up to half the year.

The San Francisco company said it's working with Miami-based developer Newgard Development Group to design a 324-unit apartment building that will carry the Airbnb name.

We reached out to Airbnb for more information on how it will generate revenue from this project and others like it, other than the general growth of home-sharing. Tenants will be encouraged to sublet their spaces online, and guests will have access to amenities commonly found in hotels. Newgard, on the other hand, will share in profits from the building's Airbnb rentals, which it will use to develop similar properties.

"We want to take home-sharing to everywhere in the U.S. that we can", he said. Critics have also said abundant rentals drive up housing costs and disrupt neighborhoods.

Chevron withdraws from Great Australian Bight explorationIt follows BP PLC's decision a year ago to halt its own exploration efforts there, saying the project didn't stack up financially. It said while the Bight had massive potential, low oil prices had forced it to concentrate on other projects.

While Airbnb continues to grow its number of hosts and guests on the platform, sending the hotel industry into a frenzy, landlords and building owners don't share the same enthusiasm for the home-sharing platform as Airbnb users.

When the apartments are listed on Airbnb, the property developer gets 25 percent, Airbnb gets 3 percent, and tenants get the remaining 72 percent. The profit-share agreement is created to encourage landlords to commit to allowing tenants to use Airbnb without repercussions. Hernandez said tenants are allowed to, in effect, sub-let their apartments 180 days out of the year, or an unlimited time per year, if the host stays in the residence.

The first fruit of this partnership will be a 300-home development near Orlando branded as "Niido powered by Airbnb", with the prospect of the format being rolled out at scale if successful with a further five target sites already in the team's crosshairs. It will feature keyless entry and on-demand concierge services, like cleaning and luggage storage.

Airbnb - valued at $31 billion - has run afoul with some buildings and cities in recent years.

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The founders of billion-dollar titan Riot Games have shrugged off managerial duties to focus on their passion: making great games. Besides League of Legends , Riot Games has only developed and published a tabletop spin-off product called Mechs vs.

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Mizuho maintained it with "Neutral" rating and $88 target in Friday, October 21 report. 11,995 are held by Security Natl Trust. The sales growth rate helps investors determine how strong the overall growth-orientation is for a stock or portfolio.

RCMP said the Chrysler 300 was seen speeding through the Vegreville area and was later found in Saskatchewan. RCMP conducted a manhunt Thursday in the Paynton area after the stolen vehicles were spotted in the area.

We believe this is the beginning of fruitful cooperation in the field of education and culture", he said. Bulgaria has an agreement with Azerbaijan for the delivery of 1 billion cubic meters of gas annually.

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Japanese authorities asked the USA military to provide a full report and take steps to prevent a similar accident. Defense Minister Itsunori Onodera, however, said that he had agreed with the deputy commander of U.S.

And the Evening Standard are reporting that Musonda, 20, could be shipped out on loan to get the playing time he wants. I am sure about this because he is a talented player, and I am sure he will be a Chelsea player...

European Council building in poison alert
The European Council said the building will still be used for next week's EU leadership summit, where Brexit will be discussed. The building, which usually hosts ministerial meetings and leaders of twenty-eight, had to be evacuated temporarily.

Norway Looks To Cut Some Of Its Generous Tax Breaks For EVs
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It also demonstrates a stable dividend policy for Delta Air Lines, Inc . connected to the long-run, with viable earnings. A number of hedge funds and other institutional investors have recently made changes to their positions in the stock.

IRS reportedly suspends $7.2 million Equifax contract
An Equifax vendor was "running code that was serving malicious content" on the Equifax site, the company said in a statement. If you have already enrolled, you're fine and can continue to access your account online.

Visa Inc. (V) Upgraded at Wells Fargo & Company
After $0.14 actual EPS reported by ConocoPhillips for the previous quarter, Wall Street now forecasts -71.43% negative EPS growth. Visa now has an average rating of "Buy" and an average target price of $109.40. (NYSE:V), 28 have Buy rating, 0 Sell and 6 Hold.

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